Starting A Business? Consult A Good Miami Law Firm

If you’re an entrepreneur interested in starting a business in Florida, one important step you should take to guide you along the right path is to find a good business lawyer, such as the Miami law firm PPK.

But there are other recommended steps you should take as well, volunteer SCORE counselor Gray Poehler told Florida Small Business.

Step one, and the most important step, is to come up with a written business plan Poehler said.

“I see too many entrepreneurs that invest a lot of money with start-up expenses before doing the necessary due diligence,” he said.

Register a fictitious name — This is the legal term for an assumed name which a business uses instead of the name of the owner, also known as a DBA name

State and local licensing — Your business may require either or both.

Apply for a Federal Employer Identification Number (EIN) — Required unless you are operating as a sole proprietor

Register to pay Federal, State and local taxes

Secure adequate financing — Many small businesses fail in the first two years because they underestimate costs

SCORE is a nonprofit association supported by the U.S. Small Business Administration (SBA) that helps small businesses get off the ground, grow and achieve their goals through education and mentorship. The group has a network of more than 10,000 volunteers, and services are either free of charge or very low-cost.

The www.score.org website offers a free outline for a start-up business which includes financial templates for determining start-up expenses and a 12-month cash flow projection.

Volunteer SCORE mentors share their expertise across 62 industries in person, via email or by video. The organization also offers free business tools, templates and tips as well as inexpensive or free business workshops and webinars.

Poehler, who owned and operated an independent insurance agency with 20 employees and two locations, has been a SCORE counselor since 2005.

Categories

The hiring of a lawyer is an important decision that should not be based solely upon advertisements. Before you decide, ask us to send you free written information about our qualifications and experience.This web site is designed for general information only. The information presented at this site should not be construed to be formal legal advice nor the formation of a lawyer/client relationship.

CV, BV and AV are registered certification marks of Reed Elsevier Properties Inc., used in accordance with the Martindale-Hubbell certification procedures, standards and policies.